The Philippine Court of Appeals froze 25 virtual-asset wallets linked to a lawmaker and related parties in an investigation into alleged corruption in flood-control projects and the misappropriation of public funds.
Philippine Court Freezes 25 Crypto Wallets in Corruption Probe
The Philippine Court of Appeals froze 25 virtual-asset wallets linked to a lawmaker and related parties in an investigation into alleged corruption in flood-control projects and the misappropriation of public funds.
tokenpost.com
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Oct 4, 2026 at 1:40 AM UTC · Updated há 4 horas · 1 min de leitura
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The order also covers 86 bank accounts, four investment accounts and one insurance policy. The lawmaker and the related individuals and entities have not been identified.
The Anti-Money Laundering Council (AMLC) said funds moved through virtual-asset service providers and multiple wallets, then among recipients and through different financial channels. The freeze preserves assets during the investigation and does not establish that anyone has been convicted.
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Originally reported by tokenpost.com
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